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Fleet movements on parts of the Mississippi, Ohio, Illinois and Lower Mississippi rivers were suspended in response to snow and ice storms. Downbound grain barge movements for the week ending February 13 were 679,681 tons, down 14% week over week.
Industry expects logistical challenges to continue.
Suspended river traffic constrains grain movement despite strong export demand, pushing barge rates higher and widening interior basis. Buyers should expect firmer freight costs and delivery delays.
feedandgrain.comFeb 18, 2021Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
